From: paul stenquist
On Jun 1, 2010, at 2:56 PM, William Robb wrote:
> On 01/06/2010 12:42 PM, paul stenquist wrote:
>
>> Diversity has its benefits:
>> http://www.nytimes.com/2010/05/27/technology/27apple.html
>>
>>
>
> The 150,000,000 that Microsoft gave them probably didn't hurt too much either.
>
>
For a company valued at 222 billion, that's a drop in the bucket.
Were they worth $222 billion when Microsoft invested that $150 million?
That was a long time ago. Apple was worth more like a couple billion
dollars back then. Apple almost went under.
When Microsoft's investment was announced Apple's stock went up 40% the
next day to $19.75. Apple's stock was selling for about $12.00 a share
before Microsoft's announcement (compared to the current price of
$263.87 at today's close).
More valuable to Apple at the time than the $150 million dollars was
Microsoft's commitment to provide Mac versions of Microsoft Office in
the future.
In return, Microsoft got a commitment from Apple to make IE the default
web browser on the Mac, which helped Microsoft in their campaign to
crush Netscape, and an ally in Apple in their struggle against SUN for
control over Java, to insure Java would never be a threat to Windows.
Anyone remember the promise of "platform independence"?
Do you reckon Apple's current dispute with Adobe over Flash has any
different motivation than Microsoft's dispute with SUN over Java?
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